2012-11-01
2012-11-30
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they rarely use switch back it's incredulous. they feel it's a common experience in their muni experience as it is mine. now we will switch back to me. what i want to say one of the main findings in the report is the fact that out of all the transit systems we interviewed only one used switchbacks as muni does to -- >> can i interrupt you and ask you about that? >> yes. >> perhaps i missed it, but can you talk a little bit about the other jurisdictions that you spoke with? >> you know what we're going to have in jack's report -- he's going to talk about how we chose the other jurisdictions. >> great. >> and jack and i interviewed them together and some of the other jurors joined in on the interviews but our selection was based on the controller's report that compared systems and we selected the list from the controller and contacted those systems. we were also told that all of the systems in europe use switchbacks as a tool, so we took advantage of a vacation to contact three systems in paris, and speak to representative who knew about those three systems. we then confirmd that intervi

in the city. and using switchbacks as a tool muni is deliberately violating rider trust deciding one group of passengers who are riding a bus or train must disrupt their trip and disembark and wait for the next one so the vehicles don't clunk or another line can carry more passengers. in order to smooth traffic the bus or train leaves the route. it's two fold. it eliminates the late bus or train that is actually causing the clumping and so slow it's in way of the others on the line and it improves the on time record because the slow bus or train is no longer operating. it's great for muni. not so great for the left behind passengers. we're not sure when muni decided to deploy operational switch backs in its system but in early 2011 muni passengers began to complain about switchbacks that left them strandd and waiting on strange platforms in the city. according to their own statistics about 41,000 riders a month were left on the street because of switchbacks. we were told switchbacks were implemented in the absence of clumping whenever a bus or train was needod another run. this mean

at 9:15, the impact of new leadership in china on u.s. relations. president obama traveling in parts of asia. we will have those segments, plus, we will take a look at the papers and take your phone calls as well "washington journal ."shington, we will see you then. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> next, a discussion on the future of u.s. diplomacy. after that, a forum on the effectiveness of al-qaeda in yemen. >> a former state department officials from the obama and george w. bush administration's discuss public diplomacy in a tough budget in vermont. the discuss the effectiveness of student exchange programs and government-backed broadcasting outlets, like "voice of america." the george washington school of international affairs hosted this event tuesday. this is an hour and 45 minutes. >> that is public diplomacy in action. [laughter] i'm a professor here at gw and the director of the institute for public policy and global communication. you can find us on twitter @ip dgc. we're also on fa

in the state of new york. the storm that hit the u.s. northeast put some polling stations out of commission. the governor is relaxing the rules so voters won't be shut out. andrew cuomo issued an executive order allowing residents in areas affected by the storm to vote at any station. officials in neighboring new jersey are also making it easier for people to cast ballots. more than 60 polling stations in new york city are still unusable because of flooding or lack of electricity. workers have set up alternative sites. the voting process in manhattan and the city's other borrows has become more high-tech. they can mark paper ballots and insurt those into a scanner. it's the first time the system will be used in a u.s. presidential election. the results will start streaming in tuesday evening in united states. obama and romney will watch the returns come in from the respective home bases, chicago and boston. >>> obama arrived in his hometown early in the morning with the first lady. the latest polls suggest the president and his republican challenger mitt romney remain locked in a dead heat.

>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge

years and has already, i know, improved training techniques. >> michael skerker is a professor at the u.s. naval academy, and he is the author of this book, "an ethics of interrogation." here it is. this is book tv at the u.s. naval academy. >> is there a nonfiction of your book you would like to see featured on book tv? send us an e-mail. or tweet us. talks about the history of the office of strategic services in china and the successes and failures the organization had. this interview, recorded at the u.s. naval academy in annapolis, md., was a part of the book tv college series and is about 20 minutes. >> on your screen, a professor at the u.s. naval academy, also the author of this book, al ss in china, a prelude to a cold war. professor, if you would, start by briefly describing china's role in world war ii. >> china's role in world war ii is very complex. first of all, china entered the war first. most people in china would agree that china entered the world were to way back in 1937, july july 1937 with china and japan went to full-scale war. that fact, of course gile was not recogn

the if stuff here on on "worldwide exchange." >> but there are two of us. you're back. >> i'm back here. eyes are getting better. >> glasses are gone. >>> so on today's program, we'll bring you live updates from beijing as the chinese economy shows signs of improve. >>> and we'll head out to washington for a view on how the handover of power in china will impact relations in the u.s. >> we're in london to talk about shipping trends. >>> plus what will obama do about the looming fiscal cliff? we'll have plenty of analysis from commentators. >> and we'll hear first from the cfo of aliance. but first day two data suggested growth is picking up and inflation is moderating meaning beijing may have more scope to ease if necessary. ppi industrial output and retail sales all came in better than forecast. eunice joins us from beijing. i'd hate to suggest this is quite good timing for this data. very convenient. >> what are you suggesting? a lot of people are saying that the numbers are showing the economy is bottoming out and a lot of people do use the numbers as a guideline at least. they're saying t

under way across the u.s. as americans decide who will lead the country for the next four years. after vigorous campaigning right to the last minute and aggressive advertising that made it the most expensive campaign of all time, president barack obama and his challenger mitt romney both into the election day confident of victory. >> but most election polls say the race for the white house is too close to call, meaning the result will be decided in a small number of so-called swing states by florida, ohio, virginia, and new hampshire, which was the first to vote on the stroke of midnight. >> voting began early in this part of new hampshire. the first ballot such traditionally cast here at midnight, and after the first 10 were tallied, it was a drop -- draw. >> for president -- this has never happened before -- we have a tie. five votes each. >> of voting in dick's bill has never been a gauge for the rest of the nation, but this year, polls show the race is a dead heat -- voting in dixville has never been engaged for the rest of the nation. >> after all the months of campaigning, after

the battleground states that were so heavily fought over in the most expensive race in u.s. history. it was early this morning when the president appeared with his family, becoming the third consecutive two-term president we elected. not happening since the presidents jefferson, madison and monroe. president obama won both a decisive victory in both the electoral college. and here on the east, the nor'easter, a storm so fierce the governor of new jersey said it will move the state's recovery effort backward for a time. and here is a look at the skating rink we used as part of the coverage on election night. tonight, it is under a layer of swirling snow. back inside, we begin with what happened last night. the president's historic re-election to a second term. he is back on his way to the white house tonight, where kristen welker starts off the coverage. good evening. >> reporter: good evening, brian, after the grueling election, the president returns back to the white house. and with the economy limping back to health, the stakes could not be higher. the president headed back to washington where

>>> welcome to nhk world "newsline." the two leading candidates fighting to be u.s. president hardly have time to sleep or eat as they dart from state to state trying to solidify their support. the latest poll ahead of tuesday's vote suggests barack obama and his republican challenger mitt romney are almost tied. obama has 49% support. romney has 48%. the candidates dashed through key swing states over the weekend, including new hampshire. they are making their final arguments to voters. both campaigns are trying to lock in crucial electoral college votes. >> you know that i know what real change looks like, because i fought for it alongside you. i've got the scars to prove it. i've got the gray hair to show for it. >> romney hopscotched between the swing states of new hampshire, iowa, colorado and ohio. >> the question of this election comes down to this, you want four more years like the last four years or do you want real change? >> romney is also focusing on wisconsin, one toss-up state where obama is said to have a lead. and he is running more tv ads in pennsylvania, mich

speeches, fund-raisers, they're all over. now comes down to u.s. voters. more than 120 million are expected to show up at the polls. >> and european investors are holding off on big moves. equities just edging higher led by technology stocks. >> and adecco sees hiring picking up in america. >>> we're finally here, election day in the united states. before that, we have the latest pmis out of the eurozone. economy declined steepening going into the fourth quarter. the final services pmi lower than the flash. it was 46.2 was the flash. lowest since july 2009. that means the composite final pmi 45.7. the flash 45.8. french services pmi weakened, also. 46.2. so both those major parts of the eurozone economy -- >> and remember, this is a leading indicator. if you see europe doing any better next year, you have to start seeing at least this indicator bottoming. >> dollar just dipped down to its lowest point of the session on the back of that. and of course we've got in spain they're talking about the groth being much weaker than the government's forecast. >> even though their service might have b

>>> dememracy in america. voters in the u.s. decide who they think should lead the country. one man has spent the past four years reshaping how americans see their country and how america is seen around the world. u.s. president barack obama took the wheel of an economy that resisted efforts to write it. now voters are deciding whether to stick with him or whether his republican opponent mitt romney deserves the job. eyewitness news line will focus all day on the race for president. >>> millions of americans are still voting. millions are already making their choices and already we're getting some hints about who they chose. our partners at abc news project barack obama will capture 3 electoral votes and mitt romney 33. >>> let's take a look at the projections state by state. the states in blue are for obama. the runs in red for romney. romney in south carolina, indiana, and kentucky. the projections give obama 3 electoral votes and they hope the number adds up to 270 or more needed to win the election. obama and the first lady arrived at home in chicago. the president wrapped hip h

's shift to democracy in a first ever trip by a serving u.s. president to the country. but he cautions that his trip should not be seen as an endorsement of the country's sgoechlt. and oil futures hitting a two week high as international pressure mounts for a cease-fire in gaza. u.n. secretary general ban ki-moon is heading to cairo for emergency negotiations. good morning, welcome to the program packed full of fantastic guests to give you you updates and analysis on where we are in trade. if europe, higher by 0.8%. coming off the 3 1/2 month low that we saw in the close on friday, helped along by optimism on the negotiations to avoid a fiscal cliff state side. we saw quite a rally in the u.s. on friday's close and that is feeding through to europe here this morning. ftse 100 higher by 09%, xetra dax by more than 1% and ibex 35 more than half a percentage point. the bond markets, the question is whether or not we'll see a lid on on bond prices on treasuries especially if we manage to overt a fiscal cliff scenario, if we see productive talks continuing. right now we're seeing the yield

. job figures are out in the u.s. today at the battle for the white house goes to ohio and wisconsin. dozens of young men have been shocked by the military in northeastern nigeria. welcome to bbc world news. also, the world bank says burma and will get its first development plan. and, tackling the energy question. human rights groups have condemned a video posted on the internet which appears to show syrian rebels of executing captured government soldiers. amnesty international says if confirmed, it constitutes a war crime. we are asking whether this is something new. >> it has happened before. but now it is becoming more and more obvious that the rebels are committing killings like the regime, and at the same level, both of them. it is just days before a big conference in doha where the opposition is asked to unified under one group, in order to bid but to lead the rebels on the ground, because there's a big discrepancy between the political leadership and the rebels on the ground who are fighting, in their aspirations, in the way they are conducting their rebellion. >> are they out

rolls to re-election and a second term, defeating mitt romney despite a weak u.s. economy and persistently high unemployment. >> investors cheer obama's re-election. equities trading high led by autos and health care stocks. >> democrats keep their hold of the senate and republicans keep their control of the house. >> there will be a tough challenge facing the looming fiscal cliff. >>> a very good morning to you. it's been a long night, but we have a result. >> yes, we do. let's get right it to. president barack obama capturing a second term in the white house despite the struggling u.s. economy. he did manage to win many of the same states he took in 2008 and nearly all the critical swing states, including ohio, virginia, and colorado. speaking to supporters in chicago just a few hours ago, the president congratulated his republican challenger on the spirited race and said there's plenty of work ahead to fix the country's fiscal problems. >> i believe we can seize this future together, because we are not as divided as our politics suggest. we're not as cynical as the pund

, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out

hands a defeat to prime minister david cameron over eu funding. >> as the u.s. northeast picks up the pieces after sandy, barack obama hits the campaign trail again. >> bayern-munich rocked to victory. >> the chris parliament has made it clear the budget for the european union must be reduced. >> members of parliament delivered an embarrassing defeat to prime minister david cameron late on wednesday in what the press there is calling kamins fright night. >> cameron has been calling for an eu budget freeze, but members of his own conservative party revolted, demanding brussels trim its spending. >> we have more now on the vote and the fallout beginning in london. >> when the vote was read out, it was a stunning defeat for the government. the opposition labor party is rubbing its hands in glee. 53 of david cameron is -- cameron's own party refused to toe the line, pushing through the amendment. kamen wants to freeze the eu budget over the next seven years, but these skeptics say a freeze does not go far enough. they want to see cuts in real terms. opposition labour is supporting the

enforcement here in california is in effect a war on crumbs instead of the often used phrase on drugs. how do you respond to his remarks? >> well, i think the first thing that we have to recognize is that the majority of people who are caught up in the criminal justice system and who are prosecuted for this type of offense for possession offenses and to some degree possession for sale offenses, the vast majority are indigent people and the vast majority of those indigent people are people of color. so what you have are two systems in place. you have a system where privileged white middle class people basically use drugs, college campuses, frat parties, not clubs, they use drug with impunity, they don't have to worry about being caught. then you have a system that comes down like a ton of bricks on indigent poor people and that's one of the reasons why i think this type of reform is a positive first step because if you aren't going to make drug possession illegal, at least make it a misdemeanor and not a felony. at least don't stigmatize and label an entire population of people as felons and p

at the manhattan institute. thank you for joining us. the question of whether and how government, particularly the federal government directs tax dollars to specific industries was a discussion in last night's presidential debate and has become an important and ongoing theme in the current presidential campaign. the terms by which washington assisted the finance and auto industries have been the focus of intense debate but the most contentious example of all is the one on which diana furchtgott-roth, senior fellow and speaker this afternoon focuses in her timely and important new book "regulating to disaster: how green jobs policies are damaging america's economy". in it, she subjects assumptions and policies which led to such ill-fated federal investments as that of the now bankrupt solyndra solar panel manufacturer as well as the a 123 caller battery manufacturer to a withering analysis which we at the institute have come to expect of the oxford trained economist whose chief of staff for the council of economic advisers. sorry. during the administration of president george w. bush. in her bo

to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they

the murder investigation. >>> coming up in the cnn newsroom, u.s. congress returning on tuesday with all eyes focused on the fiscal cliff. >>> and black friday has come and gone and now the best barringians are 48 hours away, perhaps, on cyber monday. we'll have tips you need in order to try and save some cash this holiday season. "your money" starts right now. >>> for months i wornd you about the economic storm of the dangers of going over the so-called fiscal cliff. the one washington created. it seems with the noise of the campaign behind us, washington is listening which means that after several months of harping on the dangers that you face, i'm ready to make a big switch to telling you about the opportunities that lie ahead. i'm ali velshi and this is "your money." i will not drop this issue until it is settled. then we have the debt ceiling debate. but there is life after washington induced catastrophe. frankly, it looks like a pretty good life. if all goes according to plan, 2013 could be a big turn around year for the u.s. the start of a recovery that feels real. most of it will have

>>> these are your headlines. >> a tough start to a new month for equities as all through u.s. indexes snap a four month winning streak in the first day of trade after the market shut down. >> campaigning resumes as the northeast assesses the damage from super storm sandy. good and big earnings day for oil giants giants. shell sees a fall and exxonmobile due to report before the opening bell. >> growth recovery may be near. official october pmi bouncing back into expansion territory. >>> we're under way just one hour and an awful lot to to get to. >> new york city still struggling to right itself after monday's super storm. one stap he have the big apple will return, the mta will resume partial subway service on 14 lines. la guardia airport will also reopen at 7:00 a.m. with limited service. amtrak says it will try to restore service to penn station come friday. >> homes in bay ahead are seriously damaged or destroyed. president obama got a firsthand look with governor chris christie yesterday afternoon. >> and danielle lee joins us, she's in the town of toms river. and we kn

flowers, rocks, gold, and even bugs were used to make beautiful books. >> meet the people who make sure no teen gets priced out of the prom. >> while the movie "spider-man" may make you think more kindly of spiders, getting bitten by one is no fun. i'll tell you what you'll need to do. >> coming up, i'll show you the unusual way they celebrate the new year in the land of mozart -- vienna, austria. >> and there's lots more ahead, so stay with us. >> welcome to "teen kids news." i'm mwanzaa. >> and i'm livia. here's this week's top story. >> you might think of it as a healthy way to start the day, but you could be eating a bowl full of trouble. tyler has the disturbing truth about some of our favorite cereals. >> i think it's very nutritional. >> yeah, but it depends on what cereal. >> if you think your favorite cereal is healthy, here's a shock. it might be more than half sugar. and that's not sweet. >> it's been linked to obesity, diabetes. and when you eat tons and tons of it, you're obviously more at risk of developing type 2 diabetes or becoming more obese. >> that's why 84 popular c

with police and they tell us a ten-year-old boy and a four-year-old girl were in the crosswalk with their parents tonight. the parents saw the car coming in the rain. they tried to get the kids out of the way but it was too late. those kids were hit. they are in the hospital tonight with non-life- threatening. the driver stopped and is cooperated. it's been raining most of the night all over the bay area. paul deanno tells us where it's coming down if hardest right now. >> right now, still north of the golden gate, not in santa rosa but closer to san francisco is where we're seeing the steadiest rainfall. there's a line working its way through marin, south sonoma and also napa county. it has not stopped for petaluma, san rafael. we're looking at a lot of rainfall north of san francisco and oakland. lighter rainfall along 880. it's just now starting to rain in the south bay. we'll talk about how long this rain is going to last, coming up in the full forecast. >>> before all the rain, it was one for the record books. more than a million people jammed san francisco for today's par

. >>> glad to have you with us on this edition of "newsline." asia pacific leaders set their sights on an ambition goal, creating a trading block with an output of $20 trillion. a total population of about 3.4 billion people. the leaders of 16 countries have agreed to start negotiations in the new year. the heads of the association of southeast asian nations met in cambodia's capital. the leaders of six regional partners including japan, china, and india joined them at the summit. they issued a joint kmun ka that said they hope to reach agreement by the end of 2015. leader from japan, china, and south korea agreed to start talking on a free trade agreement of their own. they said they would put aside the territorial disputes between japan and the two other nations. japanese officials want to ease restrictions to give them more access to their neighbor's economies. chinese and south korean officials have already begun talks on a free trade deal between their countries. now negotiators involved in discussions for another free trade zone in the asia pacific say they hope to conclude an

tengan is covering the congress. he joins us from beijing. james? >> reporter: gene, this process is carefully choreographed and controlled. chinese authorities are generally restrictive. but the bamboo curtain really comes down during the congress. that makes the job of jury roomism that much harder. still china's political transition is one of the biggest stories going right now. so despite the controls, no media organization wants to miss out. they got up early to get in line outside the great hall of the people. journalists from china and abroad, hundreds of them, all jockeying to get a better position for the opening of the communist party's congress. journalists from around the world have converged on beijing underlying the international community's keen interest on what direction china will take with the changeover in power. chinese government officials say more than 2,700 domestic and international journalists are covering the meeting. media are trying to find out something, anything about this secretive political process. it's not easy. >> it was really difficult to get t

's to u.s. lawmakers: avert the fiscal cliff, or risk a credit downgrade. >> tom: i'm tom hudson. we're going global with legendary investor mark mobius, franklin templeton's top strategist on the state of emerging marketnow. >> susie: and picture this: the u.s. is just a few years away from being the world's top oil producer, and self-sufficient. we'll tell you who's making that prediction, and investment strategies for your portfolio. >> tom: that and more tonight on "n.b.r."! >> susie: the u.s.'s top-notch credit rating is at risk. that's the warning today from moody's investor's service. the ratings agency told u.s. lawmakers that when it comes to the fiscal cliff, the time to act is now, not next year. moody's said if action on averting the cliff is delayed until 2013, it might downgrade the stellar credit rating on u.s. debt. right now moody's has a negative outlook on the u.s. economy. worries about a fiscal freefall, kept wall street stocks in check: the dow and nasdaq fell a fraction, while the s&p was up a fraction. american businesses are not only concerned about the fisca

. and the white house warned republicans against using the debt limit as leverage to force agreement. >> asking for... that a political price be paid in order for congress to do its job, to ensure that the united states of america pays its bills and does not default for the first time in its history, is deeply irresponsible. >> reporter: at least talks are going on. the speaker and the president spoke by phone for almost half an hour last night. but a first negotiating round between treasury secretary timothy geithner and congressional leaders did nothing to improve the tone on capitol hill. democrats said the ball was in the speaker's court. >> we're saying, extend the tax cuts for the middle class as part of that. we know if we do nothing, the top rates go up. we're waiting for the republicans to come forward with something. that's our proposal, period. >> reporter: no one in washington ever thought negotiations to get past the fiscal cliff would be easy. now, more and more are talking about a rerun of what happened with the tarp bailout bill. first, congress may have to deadlock and go over

different. i got to help you this earnings season. i want to offer you a new way to use earnings season. day traders hijack a lot of the thinking. you're not trying to game the giving quarter. it's become so difficult to predict. and often the initial moves aren't even accurate because of the press conference or because something nasty just occurred in the overall market because of europe or something involved in the election. in other words, other than for those who are shorting or going long stocks ahead of the quarter, these earnings reports need a context to make you money. they can't be relied upon anymore because they aren't as predictive of future behaviors as they once were. they are a piece of the puzzle, a part of the mosaic. they are only one of very important parts of what predicts where a stock will go over the intermediate term. it is a teaching show. because i want you to know the metrics i'm using to pick stocks i talk about and recommend here you can follow along at cnbc.com. i want you to listen to these conference calls or read them in the transcripts. give you an opinion

the last week there has been a lot of talk about oversupply, u.s. production levels quite high. but yesterday we saw a precision air strike from israel on a hamas chief-of-staff leader, and what that did was it raised that bar again about the geopolitical risk with crude-oil, and we saw this big reversal to the upside. > > there is yet another call for gold to go to $2,000 an ounce. what do you think about that? > > i definitely think so. the issue that we're having here is safety, and there's not enough of it to be spread around. we're seeing almost no yield in treasuries. we saw a german note auction that provided a negative yield. the dollar index isn't much safer than the euro currency. so gold seems to be a hard asset and a place that traders may want to be. > > good to have you on the show this morning. have a good trading day phillip. > > thank you. president obama has set the pace for tomorrow's meeting with congressional leaders. in a news conference yesterday the president reiterated the need to raise taxes on the wealthy while continuing tax breaks for the middle cla

talk takes us around the world with gary kozlowski. good morning to you. > > good morning. > > let's start with the good old u.s. of a, and cliffs and bluffs. what is the market telling you about the so-called fiscal cliff? will we see a resolution? > > there is some uncertainty that's going on, because what we're seeing, with everybody so concerned, you would think that the u.s. dollar in particular would be pulling back. we are seeing the dollar up in the mid-81 range, and it looks like it is going to continue to run. also, another thing that we are looking at is the indices. they are pulling back down, and i think we still have some more room for them to pull on down. > > what about the eurozone going into yet another recession? what is the fallout? > > wow. we haven't seen the fallout in the euro dollar yet. in yesterday's market, it stayed in the $1.27 range, which really caught a lot of people by surprise, especially with the dollar gaining a little bit. > > tensions are rising in the middle east. will that rattle the oil market? > > we're seeing brent crude is running up, ye

soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, c

in this morning two-way end. -- two ways. you can tweet us or send an email. we invite you to check out our facebook page. the headlines for this meeting yesterday reflect the same type of town seen in the washington post this morning. a picture of president obama and john boehner. the upbeat tone was a dramatic shift from recent years when the president and a gop fortified by anti-government activists clashed repeatedly over spending and taxes. if he were to go to yesterday's new york times, they have a listening are at least pictures of the key leaders that will be involved in this process. to show you where they stand specifically on some issues, here is the president saying he will reject any bill that extends tax cuts for the wealthy. here is john boehner who has said raising tax rates is unacceptable and a new revenue should be generated by economic growth spurred by a simpler tax code and that closes loopholes and and deductions. there are some other leaders involved in this project. what do you think they will be able to do to keep the fiscal cliff from happening by the end of the y

before when the early voting numbers look good for us. >> you thought it long before the election. i know that. [laughter] >> but i was pretty sure -- >> how long? could he have one after the first debate or where the forces in motion? >> sure, absolutely he could have one. -- won. it was competitive the entire way. i think governor romney could have one up until the end. i always believe in the fundamental truth, we were building the best grass roots campaign in modern political history. we had the best candidate and the best message. >> in a way, the story of this election is the degree to which replicated the 2008 results. many people thought that 2008 was a once-in-a-lifetime result. you came very close to replicating it. i think the most fascinating statistic is african-americans in ohio, 11% of the electorate, 15% this time. you found 200,000 more african- american voters who turned out for you. mitt romney lost the state by 103,000. that was the election, right there. finding those extra african american voters. >> let me back up. we won this election because of barack obama. peopl

in the u.s. we'll head out to new york city later in the show for a preview of what to expect on wall street today. and more than 2,000 hand picked chinese delegates gathered at the great hall of the people to kick off the communist party week long transition. beijing will only officially reveal the next generation leaders thursday. hu jintao promised political and economic reform, but he stressed china won't abandon one party rule and will stick to the socialist path. eunice is live for us. this is his big final speech, so reading in sort of between the lines almost is very telling. it's the legacy he's trying to cath. and what less gassy is that? >> many here believe what he is saying is significant in that it is his final farewell. he really was just reading through the work report to talks about the achievements, the economic and political achievements that the party has had. and also to outline the future challenges. one of the first challenges you had already addressed is the issue of corruption. he said the government needed to do more to root it out. >> eunice, we're having tr

off the magnet. .. who are using undocumented workers. that will cut down the flow by about 90% of the border. that makes it possible to secure the border for those that are trying to come across for nefarious purposes for criminals enterprises. we can stop them at the border. then we say to those that are here in an undocumented status you are on probation paying a fine and this is to me what i find when i talk to people the most emotional issue in all of this is language. i find americans across the generations don't want us to have to sing the national anthem in two languages at the world series. they won the national anthem in english even if they were american. so they have to agree if they want to stay here permanently they have to agree to read, write and speak english. i find that among the undocumented workers they have no problem with this. they want to learn english. they understand that to live the american dream they have to learn to speak english. it's only liberals who inhabit college campuses and education departments who have a problem with english becoming the

process ps and other things for the disabled, for us to have some business opportunities with new and good ideas. american businesses will be able to export their expertise and their products in new markets, serving the hundreds of millions of people living with disabilities around the world. let me tell you why it's important for us, even though our standard are good and high in helping the disabled, to worry about those with disabilities in other countries. there are estimates that 10% of the world's population lives with disabilities. not only these people courageously live each day, they live with many challenges and hurdles that could be removed with the rights and -- with the right laws and policies that are contained in this convention. it's hard to believe but 90% of children with disabilities in developing countries never attend school. less than 25% of the countries in the united nations have passed laws to even prohibit discrimination on the basis of disability. studies indicate that women and girls in developing countries are more likely than men to have a disability. unemploym

to see everybody. thanks for joining us. carol, what are you expecting in 2013 under president obama's policies? >> i'm not expecting anything very good, maria. i think that we're going to end up with some sort of a slow down. i think whatever the compromise that ends up being made under this grand bargain, it's going to be something that ends up hurting unemployment. that being said, i think there's always a tale of two markets. from a broader market standpoint, i expect the market to be hurting. there's always opportunities to be had. >> steve, you have some breaking news earlier. you reported on janet yellen. tell us what that says about where we're headed in terms of economic growth in 2013. >> well, i think it tells us the fed is going to remain as loose as it possibly can through '13, '14, '15, and now even '16. janet yellen saying an optimal policy path, one that stays as close to 2% on inflation and tries to get the unemployment rate down to 6% could mean the fed remains easy through early 2016. by the way, they're thinking of scrapping all of that calendar date guidance thro

is a prolific and wonderful leader. host: thank you so much for joining us today. that is our show for the "washington journal." we will take you now live to the house floor. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] chaplain, father conroy. chaplain conroy: let us pray. eternal god, we give you thanks for giving us another day. we come to the end of a week during which some members of this people's house have come to complete their service in the congress and others have come to prepare for their opportunity to serve this great nation. it is a time of tremendous transition, a time thought with trendation and some uncertainty. send your spirit of peace and calm, let all might have confidence in your faithfulness to us and no matter what lies ahead, your grace is abundantly available. now we approach a week during which all americans will regather to remember who we are , a nation generously blessed not only by you, our god, but by courageous ancestors, faithful allies and the best good wishes of people everywher

you do instead of dealing with the policy issues. we have have a very distinguished member with us, a good friend of all of us, someone who deals seriously with policy issues and is joined us today and that would be january from illinois. >> also i think today of most significance i believe is my role on the intelligence committee. all of us were given a briefing based on emerging information from the intelligence committee . susan rice, i do -- susan rice went on television based on the information that was available at the time and the briefing that she was given information and intelligence that she had no part in collecting. the kind of statement that is anyone who had been given those briefings would have made in public. obviously, this was on an unclassified buys sis but she was given information that she had that has subsequently been updated. it was not wrong or deliberately misleading in any way. there had been the belief that there had been a protest that developed into this attack. so susan rice as the president very clearly said, if anyone has a problem with the intelli

>> sno liebee . >> thank you so much. >> is that it? does everyone clap for us? >> i'm the only clap. >>> thanks for watching "state of the union." i'm candy crowley in washington. head to cnn.com/sotu for analysis. look for us on itunes. "fareed zakaria gps" in next for our viewers in the united states. >> this is gps, the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria. we have a great show for you. first a rare treat. two great historians on what makes for a successful second term. jon meacham and robert carroll talk about their subjects, thomas jefferson, lyndon johnson, and a bit about barack obama as well. >>> then the conflict in gaza yet again reminds us forget about globalization and information revolution. if you want to understand the world, look at geography. nations are still bound by it, says robert kaplan, who uses maps to show us what to worry about. you won't want to miss this. >>> and the middle class is rising. no, not here in the united states, but right next door in latin america, and it will have hug

threatened to stop that, he used all his tools of public service to help him win the battle. here are a couple of those tools he had, neil armstrong, tom stafford, part of a bipartisan coalition to put the united states on a path to go into orbit. as a boy who grew up within a mile and a half of the johnson space center, i saw ralph hall make history, that my kids, your kids, can see americans go into space. one more slide. we've all talked about the children earlier this year, because you did that, my kid said, dad, let's jump out of a plane when i turn 18. thank you, mr. chairman, you made a difference in my life and a difference to so many people. mr. smith: i yield two minutes to the gentleman from florida, bill posey. mr. posey: thank you, mr. chairman. i appreciate the opportunity to join with me colleagues in recognizing chairman ralph hall for his tenure as chairman of the house science committee. during his service, he reached acrong the -- across the aisle and forged bipartisan coalitions to support important legislation and no program, in my view, has benefited more if

extremely hopeful. i did not believe the republicans will allow us to go tubhe cliff. i hope that is true. it is such a simple problem to solve. we have had experience. we know. a couple of rounds with the speaker and obama. we had the judd gregg kent conrad. we know it. it has been doing something with actual tax revenues. mitt romney proved during the campaign you cannot do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform, we have to have the people that have done so well during the difficult time with the economy, the richest of the rich will have to pay a little bit more to solve the idea of the problems of the country. -- to solve the financial problems of this country. >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense of the year to do something important for the country. we all know that the most critical st

. closing arguments have ended in a pretrial hearing to determine whether u.s. staff sergeant robert bales will face a court- martial for allegedly slaughtering 16 afghan civilians, including nine children, in march. military prosecutors are seeking the death penalty while defense attorneys have argued that alcohol abuse, drug use, and posttraumatic stress disorder all may have played a key role in fueling his actions. the presiding officer says he'll issue a recommendation on whether to proceed to court martial by the end of the week. deadly fighting in syria reportedly left at least 63 people dead across the country tuesday, including 41 in the capital damascus. syrian tanks continue to shell the palestinian refugee camp which has seen heavy violence this month. france has become the first western country to recognize syria's newly brokered opposition coalition as the sole representative of the syrian people. the coalition was formed over the weekend at a summit in doma. at least 24 people at and killed and more than 100 wounded in a series of bombings across iraq. a multiple explosions

become the first sitting u.s. president to visit burma. he also visited thailand this weekend. today, cambodia, where he will attend a summit. in the meantime, back here in washington, congress takes a weeklong break for the thanksgiving holiday. they will come back as they ponder the fiscal cliff and how to avoid it this week. they will be back next week. lots more headlines and talk this weekend about the future of the republican party as it ponders itself. one headline says romney is digging a deeper hole for the party. we want to hear from republicans only for the first 45 minutes of its monday edition. what do you think the future of your party is, what do you stand for, and what should you stand for moving forward? here are the numbers -- ere's the "washington times" this morning, the governor of louisiana, bobby jindal. the talk continues in the party about what to romney has had to say about why he lost to the president. [video clip] >> first, governor romney is an honorable and exceptional man. i'm proud of campaign reform across the country, but i absolutely reject what he

could give us a quick reply. guest: the long-term future of the country will depend on a lot of things. the u.s. is taking a lot of steps right now to right the ship. labor may be one of them. taxation may be one of them. there are some estimates that we can be energy self-sufficient in the next 30, 40 years, so maybe that helps. this is a very complex issue. it has to be resolved. there has to be a happy medium there. whether or not it is because these ceos are boring abroad for certain things or not, that is up for debate. i'm certainly not one who will take a position on that because i don't know enough about it to make that call. there are a lot of very smart people out there, who we should respect, they are very good at what they do and they are still debating about what the proper solutions to this is. all right now, this is why we're seeing such a huge amount of debate going on in d.c. and in board rooms across the country. washington, d.c. host: there have been reports that secretary geithner will play a role in these talks. guest: the economic team is in place right now. this

us from the business desk. >> we've been reporting for quite a while now on government leaders really trying to attempt to wrestle with their budgets along with international lenders and it looks like this latest effort is going to drag on until later this month. eurozone finance ministers have shelved a decision on another bailout for greece until november. they want an austerity deal with international lenders first. finance ministers from 17 countries held a telephone witness to discuss the bailout. they said greece has yet to reach agreement on specification austerity measures with its creditors. the creditors include the european union and international mown tear fund. the austerity measures are a precondition for fresh emergency loans to avoid a potential default. the finance ministers urged the greek government to reach a consensus on labor reforms. the ministers will again discuss the greek bailouts when they meet on november 12th. greece is taking that pressure from the eu seriously. the government there has submitted a revitdsed draft budget to parliament outlining yet more

here. the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings

. >> the final campaign day for the u.s. president and his neck- and-neck rival. a last-minute scramble for votes. >> the syrian regime steps up its campaign of violence as the oposition struggles to unite. >> argentina is on a roll. citizens of buenos artists discovered the joys of riding a bicycle. >> they have been battling it out for the past 18 months. spent of billions of dollars of their campaigns and the still the polls show that the u.s. presidential election is too close to call. both presidential -- both president obama and his republican challenger on the final stance of the campaign, promising to get the country out of its economic slump. >> the election could come down to a handful of battle-ground states. making final pitches to u.s. voters. >> mitt romney began his last day of campaigning in stamford, florida. in 2008, florida voted for obama. but he hasn't kept his promises, says romney. unemployment and the national debt are higher than ever before. >> one day away from the first day of a new beginning. my conviction of better days are ahead. it is not based on promises or rheto

during the administration of president george w. bush. she helps us understand while the failures of private firms have significant problems themselves and cautionary tales to have the government rather than private investors allocate capital. the publication of regulating to disaster caps her first year as a senior fellow in which she has been prolific and influential cited by a writers, reporters and talk show host across the country. to think of her many contributions ranging from her analysis demonstrating even adjusting for the state of the economy those receiving food stamps it is that an all-time high. to another that we'll companies are not monopoly's controlled by a few but an important source of wealth and income for millions of average americans. whether clear markets coming tax notes or testified before congress she it is a powerful and detective voice. as you will agree after her talk. diana furchtgott-roth holds degrees from oxford university and were spurred college. she also served on the staff of the domestic policy council under george hw bush and his staff econo

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